[Federal Register Volume 67, Number 98 (Tuesday, May 21, 2002)]
[Rules and Regulations]
[Pages 35731-35732]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-12720]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1, 54, and 602

[TD 8987]
RIN 1545-AY69, 1545-AY70


Required Distributions From Retirement Plans; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final and temporary regulations.

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SUMMARY: This document contains corrections to final and temporary 
regulations that were published in the Federal Register on Wednesday, 
April 17, 2002 (67 FR 18988) relating to the required minimum 
distributions from qualified plans, individual retirement plans, 
deferred compensation plans under section 457, and section 403(b) 
annuity contracts, custodial accounts, and retirement income accounts.

DATES: This correction is effective January 1, 2003.

FOR FURTHER INFORMATION CONTACT: Cathy A. Vohs, (202) 622-6090 
(not a toll-free number).

SUPPLEMENTARY INFORMATION:   

[[Page 35732]]

Background

    The final and temporary regulations that are the subject of these 
corrections are under sections 401, 403, 408, 457, and 4974 of the 
Internal Revenue Code.

Need for Correction

    As published, the final and temporary regulations contain errors 
that may prove to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of the final and temporary regulations 
(TD 8987), that were the subject of FR Doc. 02-8963, are corrected as 
follows:
    1. On page 18991, column 2, in the preamble under the paragraph 
heading "Temporary Rules for Defined Benefit Plans and Annuity 
Contracts", first paragraph, line 2 from the bottom, the language 
"assets has been replaced with this more" is corrected to 
read "assets have been replaced with this more".


 54.4974-2  [Corrected]

    2. On page 19028, column 1,  54.4974-2(b)(4), 
line 19, the language "the calendar in which the employee" 
is corrected to read "the calendar year in which the 
employee".

Cynthia E. Grigsby,
Chief, Regulations Unit, Associate Chief Counsel, (Income Tax and 
Accounting).
[FR Doc. 02-12720 Filed 5-20-02; 8:45 am]
BILLING CODE 4830-01-P